Final 1

- Some of the configuration management activities included in the Perform Integrated Change Control process are as follows:
1. Configuration identification
2. Configuration status accounting
3. Configuration verification and audit

- Facilitated Workshop - Tools for Scope Knowledge area - Collect requirements; Define scope

- Opportunity cost is what a person/thing needs to give up in order to gain something.
- While making a choice the producer needs to realize that the next best alternative cannot be produced.

Examples of analytical techniques used in projects are: [Project Integration Management; Monitor and Control Project Work]
• Regression analysis
• Grouping methods,
• Causal analysis,
• Root cause analysis,
• Forecasting methods (e.g., time series, scenario building, simulation, etc.),
• Failure mode and effect analysis (FMEA),
• Fault tree analysis (FTA),
• Reserve analysis,
• Trend analysis,
• Earned value management, and
• Variance analysis.

DMAIC process in six sigma: Define the problem, Measure and Analysis, Improve and Control

Variance analysis - Control Scope
Variance & Trend Analysis - Monitor and Control Risk

Rough Order of Magnitude (ROM) Estimate: within the range of -25% to +75%
Preliminary estimate: within the range of -15% to +50%
Budget estimate: within the range of -10% to +25%
Definitive Estimate: within the range of -5% to +10%
Final estimate: 100% accurate